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Agreement US and Panama on renewable energy

Aug 21, 2018

Panama and the USA agreed on Friday to promote infrastructure projects for energy development from renewable sources in the Central American country, which this day inaugurated the first generation plant based on liquefied natural gas (LNG), of US capital, of the region.

The agreement establishes that the two countries will promote projects of renewable energy, energy efficiency, energy storage, distribution, transmission, as well as investment in infrastructure.

"The signing of this memorandum of understanding between Panama and the United States establishes the promotion and energetic cooperation, driving investment in infrastructure, renewable energy, as well as the
distribution and transmission of energy," said the Ministry of Economy and Finance (MEF).

The agreement was signed by the Panamanian ministers in charge of the Presidency, Salvador Sánchez, and Economy and Finance, Gustavo Valderrama, and by the Undersecretary for International Affairs of the Department of the Treasury of the United States, David Malpass.

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